Jupiter Topco LLC Takes Position in Upstart Holdings, Inc. $UPST

Jupiter Topco LLC acquired a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) in the second quarter, Holdings Channel.com reports. The fund acquired 36,427 shares of the company’s stock, valued at approximately $1,291,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPST. Canada Pension Plan Investment Board acquired a new position in Upstart in the 2nd quarter valued at about $684,000. Legal & General Group Plc acquired a new stake in shares of Upstart during the 2nd quarter worth approximately $2,589,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Upstart during the 2nd quarter worth approximately $1,557,000. Maxi Investments CY Ltd purchased a new stake in shares of Upstart during the 2nd quarter valued at approximately $6,852,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Upstart during the 2nd quarter valued at approximately $227,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Sanjay Datta sold 15,000 shares of Upstart stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total transaction of $456,150.00. Following the completion of the sale, the insider directly owned 313,556 shares of the company’s stock, valued at approximately $9,535,237.96. The trade was a 4.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrea Blankmeyer sold 7,175 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $29.36, for a total value of $210,658.00. Following the completion of the transaction, the chief financial officer directly owned 155,208 shares in the company, valued at $4,556,906.88. This trade represents a 4.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 47,652 shares of company stock worth $1,424,230 in the last 90 days. Corporate insiders own 17.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wall Street Zen upgraded Upstart from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Jefferies Financial Group reiterated a “hold” rating and set a $30.00 price target on shares of Upstart in a report on Tuesday, June 9th. BTIG Research reiterated a “buy” rating and issued a $43.00 target price on shares of Upstart in a report on Wednesday, August 5th. Citigroup decreased their target price on Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, Piper Sandler lifted their target price on Upstart from $46.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $44.40.

Upstart Stock Performance

Shares of UPST opened at $28.05 on Friday. The stock has a 50-day simple moving average of $30.30 and a 200-day simple moving average of $29.81. The stock has a market capitalization of $2.73 billion, a PE ratio of 57.24, a PEG ratio of 1.00 and a beta of 2.16. Upstart Holdings, Inc. has a 1 year low of $23.97 and a 1 year high of $71.38.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $364.71 million for the quarter, compared to analysts’ expectations of $354.74 million. Upstart had a return on equity of 7.13% and a net margin of 4.84%.The firm’s quarterly revenue was up 41.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. Analysts predict that Upstart Holdings, Inc. will post 0.72 EPS for the current year.

Upstart Profile

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.